Exxon Mobil Corporation $XOM Shares Acquired by Strong Tower Advisory Services

Strong Tower Advisory Services grew its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,778 shares of the oil and gas company’s stock after acquiring an additional 3,949 shares during the quarter. Exxon Mobil accounts for approximately 1.5% of Strong Tower Advisory Services’ holdings, making the stock its 25th largest holding. Strong Tower Advisory Services’ holdings in Exxon Mobil were worth $8,517,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Capstone Wealth Management LLC raised its stake in shares of Exxon Mobil by 3.1% in the fourth quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock worth $314,000 after purchasing an additional 79 shares during the last quarter. Sunburst Financial Group LLC raised its stake in shares of Exxon Mobil by 2.3% in the fourth quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 80 shares during the last quarter. FRG Family Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 0.7% in the fourth quarter. FRG Family Wealth Advisors LLC now owns 11,479 shares of the oil and gas company’s stock worth $1,381,000 after purchasing an additional 84 shares during the last quarter. JB Capital LLC raised its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. JB Capital LLC now owns 24,938 shares of the oil and gas company’s stock worth $3,001,000 after purchasing an additional 85 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC raised its stake in shares of Exxon Mobil by 1.0% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,218 shares of the oil and gas company’s stock worth $989,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on XOM shares. BMO Capital Markets restated a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on Exxon Mobil from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. Wells Fargo & Company raised their target price on Exxon Mobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Mizuho raised their target price on Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. raised their target price on Exxon Mobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.20.

Read Our Latest Research Report on Exxon Mobil

Exxon Mobil Stock Down 0.0%

Exxon Mobil stock opened at $152.48 on Tuesday. The firm has a market cap of $633.79 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. Exxon Mobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The business’s 50-day moving average price is $154.79 and its 200 day moving average price is $131.88. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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